Stringent Net Zero policies make no financial sense

Stringent Net Zero policies make no financial senseMajor financial institutions are revisiting their commitment to curbing oil and gas investment In the past few months there have been some noteworthy developments for the global alliance known as GFANZ (Glasgow Financial Alliance for Net Zero). GFANZ, founded by Mark Carney and Michael Bloomberg in the spring of last year and promoted at COP26,…

Roadblocks persist to capping Russian crude exports

Roadblocks persist to capping Russian crude exportsThe EU is split on the price to charge for Russian exports There are less than two weeks left, but the decision to cap Russian seaborne crude exports at a ‘certain price level’ still faces significant roadblocks. And the G7 and the European Union have not yet made a final decision as to the price…

After 50 years, UN-led environmental central planning is failing

After 50 years, UN-led environmental central planning is failingThe primary goal of governments today is to keep the lights on “Fossil fuel addiction is hijacking humanity. Renewables are the exit ramp from the climate hell highway. Negotiators at COP27 have a chance to make a difference. They must make it here and now.” So tweeted United Nations Secretary-General Antonio Guterres on November 18…

Oil markets entering a new era of chaos

Oil markets entering a new era of chaosThe UK and other parts of Europe may be in for a cold and chilly winter December 5 is fast approaching. On the day, and despite the tightness in the markets resulting from the OPEC output cut, major moves are at play on the global energy chess board. That is the day the EU is…

Ottawa’s anti-oil ideology will hit the economy hard

Ottawa’s anti-oil ideology will hit the economy hardRisks killing the golden goose while doing nothing for the environment A tonne is a tonne is a tonne. Whether emitted by an oilsands mine in Fort McMurray, an auto plant in Oshawa, or a private jet manufacturer in Montreal, a tonne of CO2 emitted into the atmosphere has the exact same effect on our…

World at a ‘tipping point’ in climate change talks

World at a ‘tipping point’ in climate change talksIts impact is unevenly distributed across the globe The world is at a “tipping point” in its commitment to take action, says an expert on the impact of climate change on human health, as leaders from 195 countries gather at the 2022 United Nations Climate Change Conference in Egypt. Related Stories Extremist views make for…

Political attacks on oil producers put votes before security

Political attacks on oil producers put votes before securityThe rest of the world has adjusted to the new reality. Why can't Trudeau and Biden?  What is the long-term future of a society that attacks its economic foundation for political gain? North Americans must ask this question. By putting politics first, some politicians in both the U.S. and Canada undermine North America’s core strengths…

Oil and gas demand to stay strong through 2050

Oil and gas demand to stay strong through 2050New IEA scenarios show that oil and gas will remain critical long into the future The latest outlook for energy demand to 2050 underscores Canada’s opportunity to supply responsibly produced oil and gas as the world works to reduce emissions. In all three scenarios published on Oct. 27 by the International Energy Agency (IEA), oil…

U.S., Saudi Arabia in a battle to control oil market

And that will have consequences for the rest of the world

U.S., Saudi Arabia in a battle to control oil marketThe United States and Saudi Arabia are locked in a bitter battle over oil, CNN Business reported last Friday. And it carries consequences, not only for the future of the global energy order but also for the future world order. Everything is at stake. Ever since the world began growing out of the COVID pandemic…

European Union wrong to endorse ‘fossil fuel non-proliferation treaty’

The world requires abundant, reliable, affordable energy to thrive

European Union wrong to endorse ‘fossil fuel non-proliferation treaty’The European Parliament is endorsing a dangerous and misguided “fossil fuel non-proliferation treaty” that would cause harm to people around the world. The political forum is recommending that European Union member states phase out fossil fuels as soon as possible and stop all new investments in fossil fuel extraction. The " treaty " implies that…
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